What does GECIS stand for?

Last year, when it was known as GE Capital International Services, Genpact acquired Parsippany, New Jersey-based Creditek, a leader in revenue-cycle management and order-to-cash outsourcing services.

In 1997, General Electric (GE) created a large, educated, English-speaking call center workforce in India called the GE Capital International Services unit.

Although GE Capital has stopped being an operating entity for the company (divided into four businesses--GE Commercial Finance, GE Consumer Finance, GE Insurance and GE Equipment Services), there is a unit called GE Capital International Services (GECIS).

Ltd and GE Capital International Services (Gecis) gaining worldwide service reach to more than 50 countries and 500 major cities.

Tobin has been counsel in GE's corporate mergers and acquisitions group since 2001 and has played key roles in major GE transactions, including the 2002 sale of GE Global Exchange Services, the initial public offering of Genworth Financial this year and the sale last month of a majority interest of GE Capital International Services (Gecis).

Move Will Enable Gecis to Pursue Global Demand for BPO Services General Electric today announced it has entered into a definitive agreement with two leading private-investment firms, General Atlantic Partners and Oak Hill Capital Partners, under which the firms will acquire a majority interest in GE Capital International Services (Gecis), GE's global business-processing operation.